First movie jokes I like:
"And now it's worse that I'm repeating everything you say into the microphone?"
"Can I have everyone's attention? I have to use the bathroom."
"What'll it be fellas, mustard or ketchup?"
Dennis takes of his sunglasses and is wearing another pair
Patrick looks around and sees skulls and tells Spongebob to make his ice cream a chocolate.
The tough guy and the other ones are telling Dennis that bubble blowing babies get beaten senselessly and then he punches him into a boat and it sinks.
Patrick with long legs and boots at the end of the movie
The pirate sounds like he's gonna be mean towards the movie theater clerk when she asks them to leave and then he says "Okay." and politely leaves. The first movie had some really good jokes.
Now for second episode... sorry, I mean movie:
Squidward gets locked in during intruder alert
Mrs. Puff with the drumset that says "Bad Punz" after Squidward made a joke
In my opinion, the first movie succeeds Sponge Out Of Water in almost every way.